Redemption Banking starts 17th Black-owned bank in the country
- November 21, 2023
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Redemption Holding Co. Board Chairman and CEO Ashley Bell and board member Byron Russell on the new minority-owned bank's plans to "create an unparalleled hub for Black investment in the Rockies that will deliver families and business owners from exclusionary tactics and the intergenerational poverty they breed."
Redemption is in the process of acquiring Holladay Bank & Trust, a Utah community bank since 1974. Since 1955, the number of Black U.S. banks has plummeted from 144 to 16, making Redemption Bank, once it earns regulatory approval, only the 17th Black-owned bank nationwide.
— Originally broadcast as part of RadioACTive on Nov. 21, 2023
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